Waterlogic to acquire Billi
Waterlogic, the leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, has signed definitive agreements to acquire 100% of Billi’s business in Australia, the UK and international markets.
The deal, which was announced on 13 March 2018, brings together two progressive organisations that share a strong commitment to the provision of high-quality, innovative drinking water products, services and solutions to workplaces, schools, hospitals, food and beverage establishments, and consumers globally.
Headquartered in the UK, Waterlogic has subsidiaries in many international markets and an extensive and expanding independent global distribution network in place, reaching over 50 countries around the world.
Billi is a leading designer, manufacturer and distributor of boiling, chilled and sparkling filtered drinking water Under-The-Sink (UTS) units, preferred by designers and architects for their timeless styling and space-saving design. The company is headquartered in Melbourne, Australia with 140 employees across Australia and the UK.
This complementary pairing brings together Billi’s award-winning UTS products with Waterlogic’s global distribution network, customer base, and purification technologies to accelerate growth in new and existing markets.
Waterlogic Group CEO, Jeremy Ben-David said, “The acquisition of Billi aligns two best-in-class brands with high-end technology, reputation for quality and customer service, and complementary product portfolios. This combination will position Waterlogic as the total water solutions provider and significantly advance our global growth. The transaction is a testament to the accomplishments of Billi, and we warmly welcome their 140 employees to Waterlogic; we look forward to working with Dan Lindsay and the Billi team to enhance our combined portfolio of innovative products and open new channels of distribution globally.”
Waterlogic CEO Australasia, Carl Crowley said, “We have already enjoyed a 15-year partnership with Billi, with units currently in use throughout Australia and the UK. By combining our complementary strengths and capabilities, we will be even more effective in meeting the needs of businesses and consumers globally who rely on access to high-quality drinking water.”
Billi Managing Director, Dan Lindsay said, “Waterlogic is the natural partner to accelerate growth from Billi’s already strong Australian base. The combination of Waterlogic’s well-established global distribution network and Billi’s specialist product range, means that more businesses and homes around the world will enjoy great tasting, filtered drinking water. We are in a stronger position to achieve our growth potential, and we’re excited about the opportunities that lay ahead of us.”
The deal is expected to complete at the end of March 2018.
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. The acquisition of Billi is the 16th manifestation of the company’s buy and build strategy since the acquisition by Castik, following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, and Scandinavia.
Rosanna Turner, Group Marketing Communications Manager
Waterlogic is an innovative designer, manufacturer, distributor and operator of Point-Of-Use (POU) drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers, worldwide and has been in the forefront of the POU market, promoting product design and quality, the application of new technologies and world class sales and service. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 50 countries around the world. Waterlogic products are currently being distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic’s leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France.
Castik Capital S.à r.l (“Castik”) manages investments in private equity. Castik is a European multistrategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams.
Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final fund close of EUR 1bn in July 2015.
Billi is a manufacturer and distributor of innovative drinking water systems. In 1989 Billi conceived and manufactured a ground-breaking underbench boiling and chilled filtered drinking water system. Today, Billi continues to lead the industry in innovation with boiling, chilled and sparkling underbench systems that save space, energy and time at home and the workplace. Billi systems are manufactured in Melbourne, Australia and distributed globally across countries including New Zealand, Hong Kong, Singapore, UAE and the UK. For more information, visit Billi's website at https://www.billi.com.au